Telpac Industries, Inc. Enters the $400 Billion Money Remittance Market With Its Payment Processing System
25 Oktober 2012 - 3:17PM
Telpac Industries, Inc. (Pink Sheets:TLPC) today announced that it
is enhancing their payment platform technology for the
international money remittance market. The money transfer industry
sends funds between an individual to family members in the United
States and other countries. David Teuma, CEO of Telpac
Industries states, "The growth of the international money
remittance market presents an opportunity for Telpac to utilize our
intellectual property as a system to process money remittance
transactions. The market size of this industry will exceed
$400 billion in 2013 and we are positioning ourselves as a
processor for this segment." Telpac is currently developing a
project targeting the Asia Pacific region.
Telpac acquired its payment processing platform in April
2012. This multi-million dollar software platform provides for
customized financial payment solutions for Internet, mobile, stored
value, and micro-payment applications. Transactions within
the system include ACH, Mobile Wallet, P2P, Virtual and Card Based
Programs.
ABOUT TELPAC INDUSTRIES, INC (TLPC)
Telpac Industries, Inc. is an innovative global provider of
mobile payment and electronic commerce products and services.
Telpac is a fast growing global mobile media company, with a
full focus on targeted social networks. Telpac has developed a
vertically integrated service offering targeted mobile social
networks, mobile content, entertainment and social mobile games,
mobile micro payments, and advanced mobile technology
platforms. For more information go to:
www.telpacindustriesinc.com.
Forward-looking Statements
This press release contains forward-looking statements. These
statements relate to future events or our future financial
performance. In some cases, you can identify forward-looking
statements by terminology such as "may", "will", "should",
"expects", "plans", "anticipates", "believes", "estimates",
"predicts", "potential" or "continue" or the negative of these
terms or other comparable terminology. These statements are only
predictions and involve known and unknown risks, uncertainties and
other factors that may cause our or our industry's actual results,
levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance
or achievements expressed or implied by these forward-looking
statements.
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements.
Except as required by applicable laws, including the securities
laws of the United States, we do not intend to update any of the
forward-looking statements so as to conform these statements to
actual results.
CONTACT: David Teuma
email: d.teuma@att.net
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